Is Beyond Meat Stock Halal?
Table of Contents
How much of Beyond Meat’s revenue comes from haram?
Beyond Meat offers plant-based meat substitutes.
Its products include Beyond Sausage, Beyond Beef, and Beyond Meatballs.
Practical Islamic Finance concludes:
None of Beyond Meat’s revenue comes from anything inherently haram.
Does Beyond Meat rely on interest to operate?
| Year-to-Date for period ended 4/3/2021 | Fiscal year ended 12/31/2020 | Fiscal year ended 12/31/2019 | |
|---|---|---|---|
| Interest Income (net) | – | – | – |
| Total Revenue | $108,164 | $406,785 | $297,897 |
| Interest Expense (net) | $629 | $2,576 | $3,071 |
| Total Expenses | $132,809 | $456,130 | $298,386 |
| Interest Income (net) / Revenue | – | – | – |
| Interest Expense (net) / Total Expense | 0.47% | 0.56% | 1.03% |
Practical Islamic Finance concludes:
Riba is used but not relied upon in Beyond Meat’s operations.
What is Beyond Meat’s Environmental, Social, and Governance (ESG) impact?
Environment
A peer-reviewed life cycle analysis was conducted by the University of Michigan comparing the environmental impact of the Beyond Burger to a ¼ lb. U.S. beef burger.
The result of the study showed the Beyond burger uses 99% less water, requires 46% less energy, and emits 90% fewer greenhouse gasses than a ¼ lb U.S. beef burger.
Social
Beyond Meat has a just in line with average Glassdoor rating of 3.3 out of 5.0 from current and previous employees.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
Beyond Meat has a net positive ESG impact.
Comfort Rating
From Beyond Meat’s business, financial, and ESG reviews, Practical Islamic Finance rates Beyond Meat stock as: